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ECONOMY

IRELAND'S economy could receive a major boost after it was predicted that growth may treble forecasts.

The median forecast for Gross Domestic Product growth for 2011 from 10 economists surveyed by Reuters rose to 1.4pc, from 0.5pc forecast a month ago, after second-quarter growth came in at 1.6pc.

The forecasts show Ireland continuing to do better than the other eurozone members bailed out in the sovereign debt crisis.

Dermot O'Leary (above) chief economist at Goodbody Stockbrokers said: "It is events outside of Ireland's control, such as the extent of the international slowdown and European efforts to solve the debt crisis, that are now vitally important."